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115 High Street, GuildfordOn behalf of a private property company, Jones Lang LaSalle has sold a prime retail investment on High Street, Guildford to Lothbury Investment Management. - The property is let to Phones 4U Ltd until 2015 at a current rent of £281,250 per annum- The price achieved of £5.65m reflects a new benchmark yield for high street retail investments of 4.7%
The High Street Retail Investment team remains the UK's key player in their sector and have played an active role in the market during the second half of 2010.
The team are recognised for their ability to provide accurate advice on potential sales and acquisitions. In addition to the Guildford transaction, the team has acted on acquisitions and sales in locations including Chichester, St. Helier, Stevenage, Glasgow, Tunbridge Wells, Twickenham, Haslemere, Blackheath, Finsbury Park, Berkhamsted, New Barnet, Ashford, Purley, Witney, Petersfield, Hornchurch, Colchester, Kettering, Leeds, St Albans, Bromley, Edinburgh and Brighton. Clients include LaSalle Investment Management, Prudential and CBRE Investors. For more information contact Adrian Peachey +44 (0)20 7318 7810.